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do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate will reconvene thursday. all eyes there as senate majority leader harry reid tries to cobble together something that can get some republican support. we'll be waiting to see exactly when president obama is coming back but we understand that the senate even though it reconvenes on thursday may not, senate democrats may not roll out a bill until closer to the new year. also get some republican support and put pressure on the house to take it up. >> we'll be following that very closely. have a wonderful christmas and of course we'll talk with you a little bit later. if there are any developments on the fiscal cliff. stay with cnn for any movement on that standoff day or night. we're the woolstons in turkey. i'm joel. >> katy, sidney, brittany. >> we'd like
do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate will reconvene thursday. all eyes there as senate majority leader harry reid tries to cobble together something that can get some republican support. we'll...
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Dec 27, 2012
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their taxes will go up just next year, $7,500. and lebron james, you know, the guy made about $53 million last year. his taxes, just next year, would go up $2.4 million. >> ouch. >> reporter: poor lebron. >> indeed. we say it's five days away. but the idea is, we can't get this done if they reach a deal 15 minutes before the deadline clears. are we already past the point of no return? >> we are already virtually certain that we're going to go over this fiscal cliff. these guys suddenly came to an agreement over the next few days, they could pass it at the beginning of january. and we could not see many of the impacts. but i wouldn't be optimistic about that. >> jonathan karl, i have a feeling i'll see you here around 7:07 tomorrow morning. thank you, jon. >> amy? >>> let's go to paula faris with the other top stories develop right now. paula? >> we have an update on 41. we begin with growing concern about the health of former president george h.w. bush. he has suffered a setback. mr. bush is in intensive care after doctors were un
their taxes will go up just next year, $7,500. and lebron james, you know, the guy made about $53 million last year. his taxes, just next year, would go up $2.4 million. >> ouch. >> reporter: poor lebron. >> indeed. we say it's five days away. but the idea is, we can't get this done if they reach a deal 15 minutes before the deadline clears. are we already past the point of no return? >> we are already virtually certain that we're going to go over this fiscal cliff....
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Dec 24, 2012
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the end of the payroll tax cut and the impact of the hike in the minimum tax on january 1st. over the weekend, we did hear from some republican moderates who say it may in fact be time to make some kind of a move. >> the president's statement is right, no one wants taxes to go up on the middle class. i don't want them to go up on anybody. but i'm not in the majority in the united states senate and he's the president of the united states. >> now the focus shifted to mitch mcconnell. the senate taking the lead on a compromise with democrats, and something that can get some support among house republicans. carl? >> hampton, thank you very much. hampton pearson in washington. >> the gift that keeps on giving. we're talking about market wisdom. what you need to know ahead of the opening bell. and whether you're a holiday traveler or investor, you want to hear about the state of the airline industry. let's take a look at futures one last time before the holiday shortened session. about ten points down on the dow. ally bank. why they have a raise your rate cd. tonight our guest, tho
the end of the payroll tax cut and the impact of the hike in the minimum tax on january 1st. over the weekend, we did hear from some republican moderates who say it may in fact be time to make some kind of a move. >> the president's statement is right, no one wants taxes to go up on the middle class. i don't want them to go up on anybody. but i'm not in the majority in the united states senate and he's the president of the united states. >> now the focus shifted to mitch mcconnell....
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good morning, norah. >> will there be massive tax increases and steep spending cuts in 2013? we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it can work in as early as the first week of treatment. so now i can do more of the things that i enjoy. lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including blurry vision or muscle pain with fever or tired feeling. common side effects are dizziness, sleepines
good morning, norah. >> will there be massive tax increases and steep spending cuts in 2013? we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these...
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Dec 28, 2012
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with income and payroll tax cuts set to expire monday, taxes would go up for most everyone next week. $110 billion in spending cuts will kick in. and 2 million jobless americans will lose their unemployment benefits. like karen duckett of maryland who hasn't been able to find work since being laid off as a housekeeping manager at a retirement community last year. her unemployment benefits set to end tomorrow. >> this has been the toughest year, probably, in my entire life. >> reporter: duckett, a breast cancer survivor, worries how she'll care for her 14-year-old grandson and has a message for lawmakers. >> remember, these are people. it's not just numbers on a piece of paper. we are actually human beings, suffering out here. >> reporter: and over on capitol hill tonight, nbc's kelly o'donnell reports that the political balance in this, natalie, is critical to get a deal done, to get a deal passed before the deadline, saying that an agreement between republican and democratic senate leaders could give cover to their house counterparts for bipartisan support. by the way, there is one o
with income and payroll tax cuts set to expire monday, taxes would go up for most everyone next week. $110 billion in spending cuts will kick in. and 2 million jobless americans will lose their unemployment benefits. like karen duckett of maryland who hasn't been able to find work since being laid off as a housekeeping manager at a retirement community last year. her unemployment benefits set to end tomorrow. >> this has been the toughest year, probably, in my entire life. >>...
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could see his taxes go up by more than $2.4 million next year alone. and it's not just taxes. on january 1st, unemployment benefits expire for some 2 million people. >> we're joins here in new york by jon karl. chief white house correspondent, like the ring to it with your name. a lot of people are watching, saying, stop messing around in washington. that's a lot of tax money at stake here. >> reporter: and this would be the first big tax hike we've seen in more than 20 years, david. there's a lot of talk about a potential meeting at the white house. the president came all the way back from hawaii, cut short the vacation, left the family back. no meeting scheduled yet but i would expect you will see congressional leaders sometime over the next 24, 36 hours, come to the white house one last ditch effort to at least stop these tax hikes from going into effect and extend the unemployment benefits. butguarantee. >> and some speculation that meeting could be tomorrow. >> reporter: yes. >> we'll see. jon, thank you. the clock is ticking. >>> two more important political notes we're
could see his taxes go up by more than $2.4 million next year alone. and it's not just taxes. on january 1st, unemployment benefits expire for some 2 million people. >> we're joins here in new york by jon karl. chief white house correspondent, like the ring to it with your name. a lot of people are watching, saying, stop messing around in washington. that's a lot of tax money at stake here. >> reporter: and this would be the first big tax hike we've seen in more than 20 years,...
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say they're voting to lower some taxes, and that makes a very big political difference. natalie? >> kelly o'donnell on capitol hill. thanks so much, kelly. for more now, we go to our chief white house correspondent and political director, chuck todd. chuck, is it all but inevitable now? are we going over the cliff? >> reporter: well, we're probably going over the cliff, but even when we go over, it's going to be temporary. but listen to that last point that kelly made. that adds to the silliness of what we are in right now, which is the last throes of these congressional shenanigans. we may get a deal. i talked to some folks on the senate side who think they can get a deal together in the next 48 hours, that there will probably be some meet nth white house in the next 24 to 367 hours. and it's possible they could cobble together something. but i did have others who said to me, particularly those on the house said that said you know what, it's almost easy irat this pointing to over the cliff. next week they get to be cutting taxes, where this week they're raising them, ev
say they're voting to lower some taxes, and that makes a very big political difference. natalie? >> kelly o'donnell on capitol hill. thanks so much, kelly. for more now, we go to our chief white house correspondent and political director, chuck todd. chuck, is it all but inevitable now? are we going over the cliff? >> reporter: well, we're probably going over the cliff, but even when we go over, it's going to be temporary. but listen to that last point that kelly made. that adds to...
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higher taxes, capital gain taxes because we don't have any clear picture yet on what reid and mcconnell might be crafting. >> harris: wow. people getting out of market suddenly. which companies stand to lose if that happens? >> this is a really interesting list of companies that was actually compiled by goldman sachs. we were reporting this today. these are companies that get 50% of their sales, or more, from the u.s. government. deals of the government. lockheed martin, granted construction. grumed. saint jude medical. motorola, waste manage: these are companies that not only have big contracts with the government but employ a lot of people who should these contracts not be renewed to the extent they are right now. those employees could be facing an uncertain future. >> harris: wow, at a time when we're still trying to generate enough jobs to break even at the end of the month. >> that's right. >> harris: adam shapiro, thank you. three police officers recovering from a rampage that played out inside their police station. it happened in southern new jersey. they say a man police had arr
higher taxes, capital gain taxes because we don't have any clear picture yet on what reid and mcconnell might be crafting. >> harris: wow. people getting out of market suddenly. which companies stand to lose if that happens? >> this is a really interesting list of companies that was actually compiled by goldman sachs. we were reporting this today. these are companies that get 50% of their sales, or more, from the u.s. government. deals of the government. lockheed martin, granted...
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will pay more in payroll taxes. families making between 40 and $65,000 a year will have to pay an extra two grand to the government. gregg: coming up we'll talk with republican nick mulvaney whose house budget committee is obviously on the forefront of the fiscal talk. so we'll try to get the latest from him in just a moment. patti ann: meanwhile, gregg, we have new warnings from the treasury department that if a fiscal deal isn't reached our government will have to turn to extraordinary measures when the debt limit hits its ceiling. $16.4 trillion probably on monday. fox business network's stuart varney joins us now. hi, stu. you say this is the big story people aren't talking about? >> it is a sleeper issue, patti ann. on monday the government officially runs out of money and it can not borrow anymore. so it will have to shift all kind of cash around to make sure they can pay their bills and maybe they can do that for a couple of months. means you can kick the can, eight weeks be maybe, until the absolute crunch c
will pay more in payroll taxes. families making between 40 and $65,000 a year will have to pay an extra two grand to the government. gregg: coming up we'll talk with republican nick mulvaney whose house budget committee is obviously on the forefront of the fiscal talk. so we'll try to get the latest from him in just a moment. patti ann: meanwhile, gregg, we have new warnings from the treasury department that if a fiscal deal isn't reached our government will have to turn to extraordinary...
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tax increases, massive tax reductions to the military. republicans really stand and the notion is appalling about who wins, but the republicans win because the economy is going to go out yet another fiscal cliff. george w. bush is not the president. obama is the president, he is not putting forth proposals to work with republicans. he will have to take ownership of this. they need to come up with a cohesive message about real economic growth and shrinking the size of government. they don't have a message and that is going to be the big question about who wins and long-run. jon: if we go over the cliff, i mean, everyone's paycheck, just about -- come january 1, it will be shrunk because government is going to be taking a much bigger chunk out of it. that will infuriate people. are they going to be blaming president obama? >> well, they won't be blaming president obama because polls show that they are blaming republicans. republicans are not really coming to the table. we had an election, and we had an election where voters clearly supporte
tax increases, massive tax reductions to the military. republicans really stand and the notion is appalling about who wins, but the republicans win because the economy is going to go out yet another fiscal cliff. george w. bush is not the president. obama is the president, he is not putting forth proposals to work with republicans. he will have to take ownership of this. they need to come up with a cohesive message about real economic growth and shrinking the size of government. they don't have...
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capone was eventually busted for tax evasion and became one of the earliest inmates at what famous prisons? the answer is alcatraz. how could you not know that doocy? >> i had to miss one. >> bill: yeah, i guess you did. >> bill: all right. maccallum. congratulations four for four. but you could still blow it. bernie madoff back in the news this week as the owners of the new york mets settled a their investment in madoff's fund. >> when new york mets owner fred wilpon and his business partner in court today they appeared happy. the legal settlement with the investor's trustee including dropping that wilpon willfully blind when they took money from bernie madoff's ponzi scheme. they did not know they helped steal other investors' money. >> bill: new sentencing. madoff was sentenced to play center field for the mets this season. all right? cruel and inhuman punishment i believe. there is also another madoff baseball connection. another one of his ripped off investors was which hall of fame pitcher? noland the answer is sandy koufax. [ laughter ] smoke? nah, i'm good. ♪ [ male announcer ] e
capone was eventually busted for tax evasion and became one of the earliest inmates at what famous prisons? the answer is alcatraz. how could you not know that doocy? >> i had to miss one. >> bill: yeah, i guess you did. >> bill: all right. maccallum. congratulations four for four. but you could still blow it. bernie madoff back in the news this week as the owners of the new york mets settled a their investment in madoff's fund. >> when new york mets owner fred wilpon...
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people below, but taxes for people above. he won 60% of the voters said they were for it in the exit polls, including some republicans. >> and of course, if nothing is done by year's end, taxes will go up for everyone, harris. >> harris: steve centanni, thank you very much. new information tonight on the condition of president george h.w. bush. as you may know he's been hospitalized just before thanksgiving with a lingering cough from a bout with bronchitis. and doctors say that president bush is recovering, but he must build up his strength where he can go home. he's 88 years old and undergoing physical therapy to do just that, to build up his energy. however, right now, doctors are not sure if he'll be able to go home for christmas. >> right now, a new warning, north korea can deliver the world's most destructive weapon farther than ever imagined, all the way, we're being told to the u.s. main land. what you're watching here 11 days ago was a test for north korea. but south korea now asking, what if the next one is not actu
people below, but taxes for people above. he won 60% of the voters said they were for it in the exit polls, including some republicans. >> and of course, if nothing is done by year's end, taxes will go up for everyone, harris. >> harris: steve centanni, thank you very much. new information tonight on the condition of president george h.w. bush. as you may know he's been hospitalized just before thanksgiving with a lingering cough from a bout with bronchitis. and doctors say that...
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68% and secondly the death tax. 55% rate -- how fair -- >> let's go to the death tax. 6,000 of the wealthiest wealthiest estates are the difference between what president obama wants and jon kyl wants, $119 billion over ten years. for those 600,000 estates to give $119 billion away and instead take it out on cuts on medicare and roads and education is unconscionable. >> if you look at the bigger picture for a second, we've known for two years that these tax cuts would be expiring the day after tomorrow or the end of the day tomorrow. we've known these automatic cuts, the so-called -- this was going to be happening for more than a year. aren't you a little embarrassed as leaders in the congress that it has gotten to this point that tomorrow is new year's eve, the day it all expires, and you still don't have an agreement? i mean, we've been having this argument for two years. >> it is embarrassing but almost every disagreement we've had is not because of a senate where we've had lots of -- we've come to agreement on many things. there are 50 hard right people in the house who don't want to comp
68% and secondly the death tax. 55% rate -- how fair -- >> let's go to the death tax. 6,000 of the wealthiest wealthiest estates are the difference between what president obama wants and jon kyl wants, $119 billion over ten years. for those 600,000 estates to give $119 billion away and instead take it out on cuts on medicare and roads and education is unconscionable. >> if you look at the bigger picture for a second, we've known for two years that these tax cuts would be expiring...
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Dec 23, 2012
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he's all about taxes. he has this mandate on taxes. the spending cuts, the need to get us out of this mess, he hasn't been serious about those, and then that's unfortunate. so, you know, i think where mick and i may be part company is this needs the big deal. i'm okay to say, president, you won. you can tax these rich people you seem to dislike so much, but, you know what? come up with spending cuts. we're borrowing a trillion dollars a year, and he's not. >> i want to show you one of the latest cnn/orc polls, and the question was which party should compromise more? 53% thought the republicans should compromise more, and 41% said the democrats. so it's not just the president won. you've seen poll after poll. they blame republicans if their taxes go up. do you really -- you don't want anyone's taxes to go up, and yet, you are admitting here, saying i think everybody's taxes are going up. >> i don't think it's a question of who should compromise more. in order to get to a compromise both sides have to give on something they don't want, b
he's all about taxes. he has this mandate on taxes. the spending cuts, the need to get us out of this mess, he hasn't been serious about those, and then that's unfortunate. so, you know, i think where mick and i may be part company is this needs the big deal. i'm okay to say, president, you won. you can tax these rich people you seem to dislike so much, but, you know what? come up with spending cuts. we're borrowing a trillion dollars a year, and he's not. >> i want to show you one of the...
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estate tax, maybe not. the important though, i think, is mcconnell and the senate is important, but ultimately john boehner has said he wants the majority of republican members of the house to vote for whatever deal happens. that's a key factor. they have to agree to something that president obama also agrees to. that's a big gap. basically he's -- i don't know that there's 120 house republican votes for that yet. plan b was voted on, a -- house republicans wouldn't approve of that, either. the how is like a big block here on any kind of permanent deal. >>> i want to bring in debbie wasserman schultz, florida democrat and head of the dnc. congresswoman, when you look at what's happening today, you know, this meeting that's going to be happening at 3:00 p.m., what's going to be talked about there, what do you think? >> look, as long as the leaders are talking, there is still time for us to hammer out a deand prevent us from going over the fiscal cliff. what will be talked about today is what do the outlines
estate tax, maybe not. the important though, i think, is mcconnell and the senate is important, but ultimately john boehner has said he wants the majority of republican members of the house to vote for whatever deal happens. that's a key factor. they have to agree to something that president obama also agrees to. that's a big gap. basically he's -- i don't know that there's 120 house republican votes for that yet. plan b was voted on, a -- house republicans wouldn't approve of that, either. the...
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he cut taxes everywhere except for that ratio. he cut capital gains tax. he got rid of them for 0 owner occupied homes. he cut tax on elderly workers and cut government spending by more than the last two presidents combined. just the opposite of president barack obama. >> why isn't president obama following that model? that model clearly had good results. why not do those things to capital gains taxes, et cetera? >> you've gone beyond my pay grade. every time you have the tax rate reductions, especially in the highest income groups, you have expansion like under kennedy, aig, bill clinton, hardy and coolidge. when you raise tax on the rich, you don't get your money and you cause recession or decline. it's common sense. you've never heard of anyone taxing an economy into prosperity. >> i go to you for the expertise but you make a compelling case. art laffer, former advisor -- >> by the way, alisyn. i saw the "fox & friends" team, sunday before christmas, drinking on the job. >> we were sniffing. >> okay. is that what you -- sniffing on the job. >> not drink
he cut taxes everywhere except for that ratio. he cut capital gains tax. he got rid of them for 0 owner occupied homes. he cut tax on elderly workers and cut government spending by more than the last two presidents combined. just the opposite of president barack obama. >> why isn't president obama following that model? that model clearly had good results. why not do those things to capital gains taxes, et cetera? >> you've gone beyond my pay grade. every time you have the tax rate...
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the whole conversation has been about tax hikes. i mean, you can't -- you're talking about how many tax hikes and who is going to be involved, but we really need to address the spending issue. >> dan greenhouse, do you agree? >> more or less. i'll take issue with what mandy just said about cutting austerity. we know there's going to be a fiscal contraction next year. nothing in what these guys agree upon will add to the level of austerity. the types of things that we're talking about, adjusting the cpi used to compute social security benefits down the road, those types of things are not real austerity, and so we really shouldn't be worried about that in terms of 2013. >> so you see growth, dan? you see the stock market moving up? you see a year that will still be positive for us in all of those respects, even if we do have, for example, massive spending cuts and tax hikes, that's what you're seeing? >> i take issue with the word massive, and i'm sure rick will as well. we think next year will be okay in of everything, but, again, to
the whole conversation has been about tax hikes. i mean, you can't -- you're talking about how many tax hikes and who is going to be involved, but we really need to address the spending issue. >> dan greenhouse, do you agree? >> more or less. i'll take issue with what mandy just said about cutting austerity. we know there's going to be a fiscal contraction next year. nothing in what these guys agree upon will add to the level of austerity. the types of things that we're talking...
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a new tax coming out. the tax will be put on devices that range from mri's to prosthetics and items in every doctor's office and veterinary offices. it will be passed alongg to consumers and manufacturers say it will result in job loss and stifle innovation and upon send jobs over seas. we went to one manufacturer. adm electronics that employs 19 people to ask them what it means for their industry. >> your company is about to be hit with a 2.3 percent tax on medical devices. >> it means more. it is on gross sales and that can hurt the number of people working for us and number of sales and increase the costs of our device. >> this is a family run business and been in business 40 years. how does it plea out for your company? >> we tried not to lose our employees because we are like family and the devastating impact we may not be able to sustain the number of employees. >> we might have to lay someone off which i have never done before. it is it a tough thing to have to tell somebody. you have no job. >> and
a new tax coming out. the tax will be put on devices that range from mri's to prosthetics and items in every doctor's office and veterinary offices. it will be passed alongg to consumers and manufacturers say it will result in job loss and stifle innovation and upon send jobs over seas. we went to one manufacturer. adm electronics that employs 19 people to ask them what it means for their industry. >> your company is about to be hit with a 2.3 percent tax on medical devices. >> it...
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meeting, president obama will push for a stop gap measure, a small deal that will at least prevent tax increases for those earning $250,000 or less. but even that seems unlikely. >> the american people have a right to be very upset with this congress. >> publicly, both sides have ratcheted up rhetoric, pointing the finger. >> john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> the only reason why democrats have been trying to defect -- deflect attention over the past few weeks is they did not have a plan of their own. >> the path for the rest in the hands of the senate. house republican leaders say they will take action on whatever bill can pass the chamber. if there is a breakthrough, the legislation will not pass until the 11th hour or because house members to not return here until sunday night. abc news washington. >> new word on a potential dockworkers' strike that could cripple the nation's economy. the mediator now says contract with the longshoremen on the east and gulf coast have been extended for 30 days. thousand
meeting, president obama will push for a stop gap measure, a small deal that will at least prevent tax increases for those earning $250,000 or less. but even that seems unlikely. >> the american people have a right to be very upset with this congress. >> publicly, both sides have ratcheted up rhetoric, pointing the finger. >> john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> the only reason why democrats...
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it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes, there is little doubt in washington about the seriousness of the sick jubilation. the problem is withdrawing government demand from the economy too big spending programs, cuts with a smothering effect on the tax hikes will have been very damaging effect on the was economy and by extension the world economy. people know it is serious, but the politics, we know that the house and senate republicans do not want to increase taxes on anybody, so it is very difficult to see how a package can get through congress, certainly in time for the new year. one guess is that t
it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means...
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>> i can do something that in a lot of cases an entire police force and millions of tax dollars can't do. >> a man on a mission, catching prostitutes and their johns on camera. >> you're going to jail, buddy. >>> and a daughter's horrifying discovery. >> something just hit me like a ton of bricks and said you really need to look at these cameras now. >> when "caught on camera: video vigilantes" returns. wears off. been there. tried that. ladybug body milk? no thanks. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. it's so powerful you can skip a day... but light enough you won't want to. dermatologist recommended eucerin. the end of trial and error has arrived. try a free sample at eucerinus.com. >>> hunts point avenue in new york city. sunset boulevard in los angeles. las vegas boulevard in sin city. in any major metropolis, there's a place that's notorious for prostitution. but in oklahoma city one man is trying to force the world's oldest profession out of his neighborhood. he's got a video cam
>> i can do something that in a lot of cases an entire police force and millions of tax dollars can't do. >> a man on a mission, catching prostitutes and their johns on camera. >> you're going to jail, buddy. >>> and a daughter's horrifying discovery. >> something just hit me like a ton of bricks and said you really need to look at these cameras now. >> when "caught on camera: video vigilantes" returns. wears off. been there. tried that. ladybug...
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Dec 27, 2012
12/12
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FOXNEWSW
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just about everybody is going to have a tax increase. the number goes up significantly with incomes. if you are talking 200 to 500,000 in income almost 14,000 dollars in tax hikes. the wealthiest americans people that make a million dollars or more will pay an average of 216,000 dollars in additional tax that is money that would otherwise be spent to help boost the economy or invest it. this is a real concern for economists. the other wrench that was thrown in treasury secretary tim geithner says we are going to be up against the nation's debt ceiling a lot sooner than a lot of folks expected it will happen around the end of the year. they can use accounting gimmicks to extend that deadline for maybe a couple of months. but it would be part of any kind of a grand bargain. it is one more complication as the negotiations condition. >> doug luzader in washington thank you. >> thanks. >>> time now to entertain this. actress kate winslet officially tieing the not with her third husband ned rock and roll. he is the nephew of richard brans bran
just about everybody is going to have a tax increase. the number goes up significantly with incomes. if you are talking 200 to 500,000 in income almost 14,000 dollars in tax hikes. the wealthiest americans people that make a million dollars or more will pay an average of 216,000 dollars in additional tax that is money that would otherwise be spent to help boost the economy or invest it. this is a real concern for economists. the other wrench that was thrown in treasury secretary tim geithner...
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Dec 30, 2012
12/12
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analysts say taxes on people making between 50,000 and $75,000 a year will go up an average of $2400. >> whenever we come up -- whatever we come up is going to be imperfect. some people aren't going to like it, some people will like it less but that's where we are. i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. >> reporter: president obama says it's important for congress to vote on some type of package before the fiscal cliff deadline expires. >> if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an upor -- up or down vote, one that protects the middle class from a hike, extends insurance to 2 million americans looking for a job and lays the groundwork for future cooperation on more economic growth and deficit reduction. >> the current congress only be in session until january 3rd. after that, 13 new senators and 82 new house members will take over and inherit this huge problem, right out of the congressional gate.
analysts say taxes on people making between 50,000 and $75,000 a year will go up an average of $2400. >> whenever we come up -- whatever we come up is going to be imperfect. some people aren't going to like it, some people will like it less but that's where we are. i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. >> reporter: president obama says it's important for congress to vote on some type of package before the...
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Dec 29, 2012
12/12
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MSNBCW
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seems to be a vote on taxes. democrats will be able to pocket taxes, but it will be separate from spendsing cuts from the outset and then likely there will be another set of negotiations after the new year that will have spending cuts and taxes in it. that sounds like a recipe for democrats getting more in taxes than they would have with an up front deal. are your colleagues worried about that at all or are you? >> first of all, you are enlightening me so something that i was not aware of. that was not the conversation i had with my colleagues across the aisle or with the minority leader. so, you have information that i don't have. look, we cannot solve the problem with taxes you have to do both. this country is in trouble fiscally and financially as well as ratings. if we do not do something significant, we will have a rating problem. and there will come a time that we cannot afford the interest. what is the best thing that we can do now, given the political dynamics in washington that actually makes difference
seems to be a vote on taxes. democrats will be able to pocket taxes, but it will be separate from spendsing cuts from the outset and then likely there will be another set of negotiations after the new year that will have spending cuts and taxes in it. that sounds like a recipe for democrats getting more in taxes than they would have with an up front deal. are your colleagues worried about that at all or are you? >> first of all, you are enlightening me so something that i was not aware...
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Dec 23, 2012
12/12
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WJLA
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on this plan by the speaker which would have allowed taxes to go up, your group said it wasn't a tax increase and that still wasn't good tough for a lot of house republicans. >> look, let's understand, there is a plan to actually solve the debt that's been run up, the deficits to continue, the entitlement reform and tax reform to get more pro-growth, tax reform, and that's the ryan plan, which has actually passed twice by the house of representatives. people can talk -- >> no support from the president. it's not going anywhere. >> the democrats haven't done a budget in three, four year, haven't put anything forward that deals with entitlements. there's one and only one plan that has actually been passed by one house. the president hasn't put anything forward that fixes entitlements. his budget, his plan if you continue it out, you know, to 2040, 2050 takes 38% of gdp and the economy collapses. >> this gets to an issue which others have brought up during the week. it is -- you're right, congressman ryan's plan passed the house but there has been an election and house republicans are o
on this plan by the speaker which would have allowed taxes to go up, your group said it wasn't a tax increase and that still wasn't good tough for a lot of house republicans. >> look, let's understand, there is a plan to actually solve the debt that's been run up, the deficits to continue, the entitlement reform and tax reform to get more pro-growth, tax reform, and that's the ryan plan, which has actually passed twice by the house of representatives. people can talk -- >> no...
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Dec 26, 2012
12/12
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we don't tax multinationals like anybody else. >> is that affecting our competitiveness? >> which countries around the world are you most worried about in your research as the real competitors? >> it's funny. we actually looked at where american companies were considering putting businesses and which companies -- countries we were competing with. you'd be surprised. we're competing with the whole world. there's lots of countries growing up. it's not just china, india, brazil. it's all of the above. back in the days when we were threatened by japan, it was just japan. now we've got a whole bunch of countries, including mexico, that are making radical improvements in their infrastructure, in their business environment, in their skill levels. they're working to drive down their regulatory costs. they're trying to make business simple. and in the meantime, we're just kind of loading costs encumbrances on our private sector. we've got to start addressing these fundamentals, or the living standards of the average american are going to continue to be under severe pressure for th
we don't tax multinationals like anybody else. >> is that affecting our competitiveness? >> which countries around the world are you most worried about in your research as the real competitors? >> it's funny. we actually looked at where american companies were considering putting businesses and which companies -- countries we were competing with. you'd be surprised. we're competing with the whole world. there's lots of countries growing up. it's not just china, india, brazil....
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Dec 23, 2012
12/12
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WBAL
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on taxes, i know it's hard for the republicans but the president ran on that platform, 250, no tax increase for people below but taxes for people above. 60% of the voters said they were for it in the exit polls, including some republicans and yet our republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and they'll come right back and pass something. so i don't think the middle class is at risk. if we go over the cliff, our republicans colleagues will come back and go uh-oh and pass the bill we passed in senate already. >> can check hagel become secretary of defense if he's the republican's nominee? >> a lot of republicans have asked hard questions. i don't think he's going to get many republicans votes. i like chuck but his positions are really out of the mainstream and well to the left of the president. i think it would be a challenging nominations but the hearings will matter. chuck will have a chance to
on taxes, i know it's hard for the republicans but the president ran on that platform, 250, no tax increase for people below but taxes for people above. 60% of the voters said they were for it in the exit polls, including some republicans and yet our republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and...
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Dec 28, 2012
12/12
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and all tax rates will go up on income tax and estate taxes and all the bad stuff will happen, and how that's good politics. >> look, politicians are creatures of narrow self-interest. from the self-interested standpoint of a republican house member from a safe district who fears a primary challenge, yes, it's better for them to wait three days, cast -- go over the cliff, cast a vote to cut taxes and basically screw all the people who are going to be affected by it preserving their own jobs than it is to agree to a tax increase now and risk the wrath of the tea party right two years from now. >> chris, let me ask you about another possible, i hope it doesn't happen. next tuesday or next wednesday when the market reopens on january 2nd and they fully realize at that point that this cliff has been gone over and the congress has failed to meet its own targets which it set itself when it set this cliff up, who will pay the price if, say, the market drops 500 or 1,000 points and keeps dropping for two or three days and that creates the chances for a second dip, a second recession? who will
and all tax rates will go up on income tax and estate taxes and all the bad stuff will happen, and how that's good politics. >> look, politicians are creatures of narrow self-interest. from the self-interested standpoint of a republican house member from a safe district who fears a primary challenge, yes, it's better for them to wait three days, cast -- go over the cliff, cast a vote to cut taxes and basically screw all the people who are going to be affected by it preserving their own...
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Dec 28, 2012
12/12
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it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on everybody it's not going to be a happy time. but i think that's inevitably what's going to happen. >> they say the lowest income folks will see their take home pay shrink just over three and a half%. average earners 4% and top earners 6%. >> another sign the housing market is improving, the national association of realtors says pending home sales rose last month to the highest level in 2 and a half years. pending sales rose nearly 2% in november and that's the third month in a row it's gone up. >> amazon had a green christmas season. they announced the 2012 holiday sales were the biggest ever. they had several record setting days including cyber monday when customers ordered 26 and a half million products. they won't give exact numbers but say sale of the kindle d
it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on everybody it's not going to be a happy time. but i think that's inevitably what's going to happen. >> they say the lowest income folks will see their take home pay shrink...
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Dec 24, 2012
12/12
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tax group that i run, we want to continue the tax -- lower tax rates for all americans. we want to go to the tax reform that's in the paul ryan budget. the house of representatives has already pass ed twice the ryan budget, which reforms taxes for all americans, takes the top rate to 25%, which is what the europeans do for the business community. we want to go there. how do you get there? i'm not sure that defeating plan b strengthens our ability to get there. i think, in fact, that plan b was a good step in the right direction towards protecting and continuing the tax cuts for everybody. >> and do you think that republicans sort of shot themselves in the foot because they defeated this. at the end of the day, the votes might be there for tax increases that from the republican perspective, are even worse than what the speaker offered that they wouldn't let him even bring up for a vote. >> as i read the speaker's proposal, plan b, i thought it moved us in the direction of maintaining all the bush tax cu cuts. look, this is not a fight that begins and ends the first week o
tax group that i run, we want to continue the tax -- lower tax rates for all americans. we want to go to the tax reform that's in the paul ryan budget. the house of representatives has already pass ed twice the ryan budget, which reforms taxes for all americans, takes the top rate to 25%, which is what the europeans do for the business community. we want to go there. how do you get there? i'm not sure that defeating plan b strengthens our ability to get there. i think, in fact, that plan b was...
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Dec 24, 2012
12/12
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. >>> nine days left before you face a new year with higher taxes. apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. lawmakers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >> a united states senator was arrested for drunk driving early sunday morning. idaho republican mike crapo was taken to jail in alexandria virginia after midnight. he was stopped for running a red light and charged with driving under the influence. the senator has issued an apology. he was released on $1,000 bond and he has a court date. >>> christmas, two days away, and for much of the country it's going to be a white one. heavy snowfall has blanketed several states up to five feet of snow is expected. snow is also falling back east as well. like lake effect snow has blanketed areas around cleveland and buffalo. high winds are threatening to delay flights in n
. >>> nine days left before you face a new year with higher taxes. apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. lawmakers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >> a united states senator was arrested for drunk driving early sunday morning. idaho...
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Dec 23, 2012
12/12
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CNNW
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dope and getting people killed all over the border down there when it's a simple thing to legalize it, tax it, regulate it. and fortunately they saw that. >> planning any vacations? >> maybe they'll have a coffee house over there. >> you can have the willie nelson coffee chain. >> why not. >> let's take a break. i want to come back and talk politics with you. >> sure. >> a lot of stuff going on in the middle east. the election. get your take on that. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we' ever wanted to do and ink helps us do it. make your mark with ink from chase. restore revive rejuvenate rebuild rebuild rebuild snoe snoel girl i'm sorry i was blind ♪ ♪ but you were always on my mind you were always on my m
dope and getting people killed all over the border down there when it's a simple thing to legalize it, tax it, regulate it. and fortunately they saw that. >> planning any vacations? >> maybe they'll have a coffee house over there. >> you can have the willie nelson coffee chain. >> why not. >> let's take a break. i want to come back and talk politics with you. >> sure. >> a lot of stuff going on in the middle east. the election. get your take on that....
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Dec 30, 2012
12/12
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CNNW
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the alternative minimum tax. a lot of money that they're scrambling to find as they also deal with the tax issues. so it's really going to depend on what those numbers look like and boehner doesn't entirely have a sense until he has a senate proposal to try to sell to his house side. >> i just want to remind our viewers, we will join fareed zakaria, "gps" in progress as we watch the senate floor and the senate in general. for any signs of progress. there used to be the hastert rule, a majority of the majority, most republicans, in this case they're at majority, must support a bill before denny hastert would put it on the house floor. i don't get a sense that's where speaker boehner is. >> you could imagine a scenario where the house could pass an agreement that's reached in the senate, with a minority of republicans and dozens of democrats make up the difference. that would essentially be john boehner falling on his sword, diving on the grenade and giving up his speakership. you know, democrats might say this wou
the alternative minimum tax. a lot of money that they're scrambling to find as they also deal with the tax issues. so it's really going to depend on what those numbers look like and boehner doesn't entirely have a sense until he has a senate proposal to try to sell to his house side. >> i just want to remind our viewers, we will join fareed zakaria, "gps" in progress as we watch the senate floor and the senate in general. for any signs of progress. there used to be the hastert...
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Dec 29, 2012
12/12
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CNNW
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now, the majority leader senator reid said he's readying a bill for a vote on monday to prevent a tax hike on incomes up to $250,000. senator reid said his bill will include all of the additional provisions that the president outlined that include long-term unemployment benefits, a continuation of those. that would be sort of the plan b for democrats simply because what they would rather do is get a bill with senator reid working in conjunction with senator mcconnell. senator reid said he's awaiting good faith proposals from the republicans. president obama said after the meeting that he is modestly optimistic a deal can be reached, but as you can hear from senator reid, the president asked that if a deal between republicans and democrats cannot be reached, then the president wants just an up or down vote on what he wants, which is quite simply no income tax rates going up for people making $250,000 and under. and an extension of long-term unemployment benefits. and that's of course for the long-term unemployed as well as what's known as a dock fix which has to do with medicare paymen
now, the majority leader senator reid said he's readying a bill for a vote on monday to prevent a tax hike on incomes up to $250,000. senator reid said his bill will include all of the additional provisions that the president outlined that include long-term unemployment benefits, a continuation of those. that would be sort of the plan b for democrats simply because what they would rather do is get a bill with senator reid working in conjunction with senator mcconnell. senator reid said he's...
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Dec 26, 2012
12/12
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WMAR
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now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house with the president and the first lady. tonight here, some rare personal questions answered about their own relationship and their girls. one of whom just got her first cell phone. >> reporter: i want to talk a bit about the girls. we have been rawatching them gr up from little girls to young ladies. now, malia recently got her first cell phone. do you monitor it? and see who she calls or who she texts? >> i give my daughter at this age, i give her a long rope. you know, and there is monitoring, because we have rules, but monitoring may be, you never know when i'm going to walk in your room and
now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house with the president and the first...
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Dec 27, 2012
12/12
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the president's tax plan he campaigned on for five years which is to let the tax plan expire for households making less than $250,000. he would add unemployment insurance. the thinking here is he would potentially also add extending the estate tax cut. the estate tax has been at a relatively low level. it expires also at the ipd of the year. but, you know, this is all you know, to'ing and fro'ing right now to see if it's possible to pass anything to keep most americans' taxes where they are before the end of the year when everybody's tax go up. >> we heard from senator reid earlier today. they were dealing, in his words, with a dictatorship. are we expected to hear from him or any of the players from the hill in terms of trying to move this forward, whether it's publicly, in the public arena or privately? >> we are. we're told we should expect to hear from the senate republican leader mitch mcconnell. the senate is in and he will likely take to the floor we're told and give a status report from his perspective. what we're talking about right now in the senate is whether or not the democrats
the president's tax plan he campaigned on for five years which is to let the tax plan expire for households making less than $250,000. he would add unemployment insurance. the thinking here is he would potentially also add extending the estate tax cut. the estate tax has been at a relatively low level. it expires also at the ipd of the year. but, you know, this is all you know, to'ing and fro'ing right now to see if it's possible to pass anything to keep most americans' taxes where they are...
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Dec 28, 2012
12/12
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KGO
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with incomes of $174,000, they'll pay some $7,500 more in taxes. and it's not just taxes. on january 1, unemployment benefits expire for some 2 million people. you can expect one last effort, including a meeting at the white house with congressional leaders to try to prevent the fiscal cliff from happening. but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be done in time. jonathan karl, abc news, new york. >>> tributes are pouring in for retired general norman schwarzkopf. the general, nicknamed stormin' norman, died yesterday in tampa from pneumonia. schwarzkopf commanded operation desert storm, the coalition of some 30 countries that drove iraqi forces from kuwait back in 1991. in retirement, he supported charitable causes and resisting calls to run for public office. norman schwarzkopf was 78. >>> for the second time this month, a man has been pushed to his death in the path of a new york subway train. last night, eyewitnesss say a mumbling woman shoved a man onto the tracks just as the train was pulling into an eleva
with incomes of $174,000, they'll pay some $7,500 more in taxes. and it's not just taxes. on january 1, unemployment benefits expire for some 2 million people. you can expect one last effort, including a meeting at the white house with congressional leaders to try to prevent the fiscal cliff from happening. but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be done in time. jonathan karl, abc news, new york. >>> tributes are pouring in...
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Dec 23, 2012
12/12
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tax bills have to start in the house. the senate can take whatever vehicle they send over and substitute for it something that makes sense and have it sent back and it's on them to say yes or no as to whether we go over the cliff. that's really the approach. >> so you want to see something come out of the house? >> anything. anything. and you substitute the total bill. but it has to come out of the house and that's the rationale for getting something there. >> they actually did get something out of the house early last week. they stopped the defense sequester and that's all they did because it won't go anywhere after that. the $500 billion in defense cuts are still set to take place. all the other spending cuts are set to take place and it's, of course, in deal-making this is called the ckabuki theater and people are depending on them to get it right by the deadline. there's no argument being made that it's good to go over the fiscal cliff. >> please, make the argument, dean. >> one argument is that there are will be a lo
tax bills have to start in the house. the senate can take whatever vehicle they send over and substitute for it something that makes sense and have it sent back and it's on them to say yes or no as to whether we go over the cliff. that's really the approach. >> so you want to see something come out of the house? >> anything. anything. and you substitute the total bill. but it has to come out of the house and that's the rationale for getting something there. >> they actually...
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Dec 26, 2012
12/12
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whose taxes are going up and how much spend something going to be cut, jamie? >> jamie: an issue big enough that most people probably aren't asking what the president and mrs. obama exchanged for christmas and what was on the christmas menu. we always talk about that what do we know about how they spent their christmas? >> they have kept it very quiet. what the president is trying to do since is he likely to go back to washington tomorrow is get as much family time he's can right now with his wife, daughters and other family and friends who were here. obviously it's a little different hawaiian christmas. you can see we have got some video of some of the christmas trees here they have now brought a live christmas tree to waikiki beach. he was skinniy and had dark hair, not white hair and playing a violin. little different hawaiian christmas. in all seriousness we are expecting that the president is likely to go to the u.s. marine base here in honolulu area. he has done that the last few christmases with the first lady to feed the troops who are here. that is on
whose taxes are going up and how much spend something going to be cut, jamie? >> jamie: an issue big enough that most people probably aren't asking what the president and mrs. obama exchanged for christmas and what was on the christmas menu. we always talk about that what do we know about how they spent their christmas? >> they have kept it very quiet. what the president is trying to do since is he likely to go back to washington tomorrow is get as much family time he's can right...
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Dec 26, 2012
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if not, we heard this, massive tax hikes, spending cuts will kick in automatically. the president and congress are due back in washington tomorrow. >>> and it is back to the mall today for millions of americans. today is expected to be the fifth-busiest shopping day of the year. but it's been a disappointing season so far for retailers, who are reporting the weakest sales growth since 2008. but the week between christmas and new year's can account for as much as 15% of holiday sales. >>> and more good news for hollywood, which is wrapping up a record year at the box office. "les mis" starring anne hathaway, hugh jackman, and russell crowe, had a strong opening. taking in a better-than-expected $17 million. ticket sales are up about 6% compared to last year. can't wait to see that one. >>> finally, if your christmas dessert just wasn't enough, well look what just rolled in. this, my friends, is the creation of a belgian chocolate company. the world's longest vintage chocolate steam train. did i mention it's chocolate. 110 feet of it. solid, nothing hollow. >> all that
if not, we heard this, massive tax hikes, spending cuts will kick in automatically. the president and congress are due back in washington tomorrow. >>> and it is back to the mall today for millions of americans. today is expected to be the fifth-busiest shopping day of the year. but it's been a disappointing season so far for retailers, who are reporting the weakest sales growth since 2008. but the week between christmas and new year's can account for as much as 15% of holiday sales....
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Dec 27, 2012
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a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit because of the sequester and 9 defense spending, what you talked about on the show quite a bit. a big chunk comes from tax increases. little the end of the unemployment benefits of that been going on for a while, the payroll tax holiday and the alternative minimum tax which is going to grab more and more people. you will have less subsidies for lower income people who are unemployed today and higher tax on middle income americans. it's not great. none of us want tax increases but at the end of the day trillion dollars deficits are bad, too. trillion dollars deficits every year as far as the eye c
a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a...
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Dec 27, 2012
12/12
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pay in taxes. below 10,000 they will pay an average of about $300 more. look down the chart a bit. those who make between 40 and 50,000 they will have to pay an extra $1,700 more. looking at the next set of numbers for wage earners, 50 to 75,000. they will have to find an extra $2,300 to send to washington. and if you managed to make over $200,000, if you go over that income mark, it will be a big jump up. you have to send a check to uncle sam for, on average, about 14,000 additional dollars. the highers wage earns 500,000 to a million they will pay an average of $34,000 more. over a million dollars, the irs will want 216,000 additional dollars from you on top of what you already pay in taxes. the upshot of all of this; >> you will have less money to spend in a very difficult economy with very little clarity on how the economy is going to pick up in the near future. even in the long run. we are entering into a very difficult economic environment, unfortunately. >> a wealth manager says need to aust
pay in taxes. below 10,000 they will pay an average of about $300 more. look down the chart a bit. those who make between 40 and 50,000 they will have to pay an extra $1,700 more. looking at the next set of numbers for wage earners, 50 to 75,000. they will have to find an extra $2,300 to send to washington. and if you managed to make over $200,000, if you go over that income mark, it will be a big jump up. you have to send a check to uncle sam for, on average, about 14,000 additional dollars....
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Dec 25, 2012
12/12
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ran on that platform 250 no taxes below but taxes above. he won 60% of the voters said they were for it in the exit polls including some republicans. >> independent senator joe lieberman says he believes for the first time in the entire debate that we may be going off the fiscal cliff. he and others have said all along that there would be this fighting but right up to the deadline. they have finally come up with some sort of a deal. lieberman and others on the hill saying they think we may in fact go off the cliff. rattle the markets as you suggested, jamie. lieberman also believes the senate will be in session on new year's eve. going right up against the end of the year deadline to try to work this out, jamie. >> jamie: if any news breaks i know you will bring it to us. live from honolulu. washington is not the only one thinking about the fiscal cliff. it turns out that the concerns about it or affecting how much people are spending this holiday season. analysts saying overall sales are down from last year. it's not just the economy thoug
ran on that platform 250 no taxes below but taxes above. he won 60% of the voters said they were for it in the exit polls including some republicans. >> independent senator joe lieberman says he believes for the first time in the entire debate that we may be going off the fiscal cliff. he and others have said all along that there would be this fighting but right up to the deadline. they have finally come up with some sort of a deal. lieberman and others on the hill saying they think we...
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Dec 22, 2012
12/12
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taxes, estate taxes. all those are important to the economy. host: putting more money in people's hands to spend the money that these businesses with people making 250,000 dollars or more. if i have more money to spend, i will spend it on your business and everybody wins. guest: the drivers of the economy are people who produce things. you cannot consume what people do not produce. we need more incentives for production and investment. if you look at the latest numbers on gross domestic product, one of the things that is hurting the economy right now is business investment. they are not investing. it is because there is uncertainty about what washington will do. if you think we want more businesses to build factories here and invest more in equipment and more factories, you do not want to raise taxes on those businesses for investing. when you raise capital gains and dividend taxes and small business taxes, they have less for investing and that means less jobs. one of the things that really irks me as an
taxes, estate taxes. all those are important to the economy. host: putting more money in people's hands to spend the money that these businesses with people making 250,000 dollars or more. if i have more money to spend, i will spend it on your business and everybody wins. guest: the drivers of the economy are people who produce things. you cannot consume what people do not produce. we need more incentives for production and investment. if you look at the latest numbers on gross domestic...
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Dec 29, 2012
12/12
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and what about the state -- estate tax. >> the estate tax punishes family farmers in my district and small business people. that money has been taxed a lot of times people have to selllet family farm to pay the taxes or family business it is it a shame and we need to get it fixed and solved. we need permanence and a bigger exemption and something like we have today would make it work. >> and congressman, what about the debt limit. we'll hit the debt ceiling, 16.4 trillion . is that going to be worked in this piece of legislation or is that after the new year. >> i hope that we are able to work it in this legislation. then we would avert another man made crisis that we are all too good at doing these days . ive would hope it is part of the package but should never be a part of the negotiation. i know you all discussed many, many times is something that is raised routinely over the last 50 years and something in the law and doesn't save us or spending more money it just shuts the government down . risks the full faith and credit of the united states it is it about recognizing the debts
and what about the state -- estate tax. >> the estate tax punishes family farmers in my district and small business people. that money has been taxed a lot of times people have to selllet family farm to pay the taxes or family business it is it a shame and we need to get it fixed and solved. we need permanence and a bigger exemption and something like we have today would make it work. >> and congressman, what about the debt limit. we'll hit the debt ceiling, 16.4 trillion . is that...
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Dec 22, 2012
12/12
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WBAL
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some house republicans refused to raise taxes on anyone. for a few days, both sides are setting aside politics. >> i wish all of the american people in a blast and merry christmas. >> merry christmas, ever ready. >> happy hollow -- happy holidays. >> the president and speaker say is not too late. if someone cannot find a way to give, americans are in danger of getting a tax increase on january 1. >> support streams in for the grief-stricken community of newtown, connecticut yes you did, yes you did. no i didn't, no i didn't. yes you did, yes you did. no i didn't, no i didn't. yes you did. did not. [ male announcer ] find some peace this holiday. get an 8 piece meal now with a dozen delicious cookies baked in-store. the kfc festive feast. all for just $19.99. today tastes so good. [captioning made possible by constellation energy group] >> the painful tobias continue in connecticut. a local family held a funeral service for their little girl. josephine was born in maryland. killed inside sandy hook elementary school. the family says she will
some house republicans refused to raise taxes on anyone. for a few days, both sides are setting aside politics. >> i wish all of the american people in a blast and merry christmas. >> merry christmas, ever ready. >> happy hollow -- happy holidays. >> the president and speaker say is not too late. if someone cannot find a way to give, americans are in danger of getting a tax increase on january 1. >> support streams in for the grief-stricken community of newtown,...
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Dec 30, 2012
12/12
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katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example, if one member was in that upper income bracket. well, if it turned just under, then the 75% rate would not apply. in essence, this was thrown out on a technicality. if was a poorly worded law that just didn't pass the constitutional barrier. >> you know, it is kind of confusing. the president actually campaigned on this75% tax. what happened, and will he try to get it reinstated? >> you are quite right. he made this a key platform of his manifesto. he has gone all out on this, and he even dressed up the tax as an act that the way france's rich could help during harsh economic times. he has not backed down and in fact in the last few hours the officials have said the law will be redrafted to conform with the court ruling and wi
katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example, if one member was in that upper income bracket. well, if it turned just under, then the 75% rate would not apply. in essence, this was thrown out on a technicality. if was a poorly worded...
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Dec 22, 2012
12/12
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KGO
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>> i won't support raising taxes on any american. >> reporter: people that make $10 million? >> absolutely. >> so with the president heading to hawaii and congress on holiday, how do they come to a deal before the end of the year? >> congress will return two days after christmas, so there's some time, a little time, for them to try to do what they have failed to do for months. as for the president, he said he although he's going to hawaii, he said he will fly back to finalize any deal if there's a deal to be finalized, sometime after christmas and before the new year. but it takes time to pass an agreement even once it's reached. >> we shall see. thank you, jonathan karl reporting. one more note from washington. president obama nominated senator john kerry to succeed hillary clinton as secretary of state. secretary clinton who was still recovering from a concussion, was not there, but in a statement called the pick excellent. president obama's first choice for the job, susan rice withdrew her name after coming under fire about the tragedy in benghazi, libya. >>> now an update
>> i won't support raising taxes on any american. >> reporter: people that make $10 million? >> absolutely. >> so with the president heading to hawaii and congress on holiday, how do they come to a deal before the end of the year? >> congress will return two days after christmas, so there's some time, a little time, for them to try to do what they have failed to do for months. as for the president, he said he although he's going to hawaii, he said he will fly back...
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Dec 27, 2012
12/12
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we have a governor focused on jobs and taxes. he's talking about gun confiscation. >> you can accomplish my -- publish my name if i don't pay taxes. >> these are people obeying the law. domestic violence victims, retired police. no way they should make this accessible for criminals and nut jobs. >> eric: have we heard from the paper? >> they are refuse to comment. >> no apologies, no we made a mistake. >> trace: and they haven't pulled the information. >> eric: have you contacted them. >> not recently but they know about my piece of legislation we got done in the assembly. >> this story is heating up on the internet, twitter and facebook. gregg ball, thank you very much. >> good to be here. >>> we have to leave it there. i'll see you on the five, 2.5 minutes or so. be right over there. [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant special
we have a governor focused on jobs and taxes. he's talking about gun confiscation. >> you can accomplish my -- publish my name if i don't pay taxes. >> these are people obeying the law. domestic violence victims, retired police. no way they should make this accessible for criminals and nut jobs. >> eric: have we heard from the paper? >> they are refuse to comment. >> no apologies, no we made a mistake. >> trace: and they haven't pulled the information....